Partner Michael Kummer spoke to Sports Litigation Alert about tax issues that arise for college athletes who receive money tied to their name, image, and likeness (NIL). In the Q&A, Michael encouraged athletes to treat tax compliance like other parts of their training regimes.
“Just as they do in the weight room or on the field (learning and seeking guidance from trainers and coaches), athletes entering into NIL deals should seek and rely on professional tax advice,” Michael said. “Doing so will best set them up for long-term success.”
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